Bristol News Notes

Council To Discuss Compounce Taxes

July 13, 1994

Mayor Frank N. Nicastro Sr. has called a special city council meeting for Thursday to discuss back taxes owed on the Lake Compounce amusement park.

The new owners of the financially troubled park -- Lake Revival Associates -- have been working with officials in Bristol and Southington on payment plans for $2.1 million in back taxes owed the two municipalities.

Nicastro said last month that he had worked out a tentative agreement with Stephen Barberino Jr. of Lake Revival Associates. The investment group would pay an initial $250,000 and the remainder of taxes owed to Bristol over the next five years, Nicastro said.

Lake Revival also has been negotiating with Bristol over a lawsuit the investment group filed protesting the city's discontinuation of a tax abatement for the park. Barberino has said he hoped to settle the lawsuit and back-taxes issue at the same time.

Any agreements must be approved by the city council.

Barberino said last month that he hoped the park could be opened for the entire month of August with a new operator, but no announcements about the park opening have been made. Efforts to reach Barberino Tuesday were unsuccessful.

The city council is scheduled to meet at 7 p.m. Thursday at City Hall.